Some tax cut perks are one-offs

Companies large and small will benefit significantly from the reduction in corporate taxes and the easing of federal regulations for their businesses. In anticipation of this windfall, several of the larger corporations have already announced one-off bonuses for their employees. I would be the last person to object to any increase in income for American workers, but it would be naive to heap too much credit on businesses that give those bonuses. A bonus by its very nature is a one-time payment which, unlike a permanent wage increase, does not have an effect on a worker’s long-term income, benefits or retirement. So thank your boss for the bonus, but realize a wage increase would have been so much better.


Trump rowing against economic tide

Paul Krugman documents the U.S economy’s rapid growth of renewable energy. However, the Trump administration, having already been outgunned by China over solar panels, wants to place a tariff on imported panels. The effect of this will put some Americans in the renewable energy industry out of work. This is no small issue. Forbes reports that in the United States, more people were employed in solar power in 2016 than in generating electricity through coal, gas and oil energy combined. Solar power employed 43 percent of the electric power generation sector’s workforce in 2016, while fossil fuels, combined, accounted for just 22 percent. Trump’s pitiful attempt to please coal and oil barons like Murray Energy Corp. and the Koch brothers moves against all the current economic trends. This will be even more the case when a carbon fee and dividend bill is passed by Congress.


Reader Comments ...

Next Up in Opinion


Untreated, federal debt could destroy U.S. In 2000, the federal budget was balanced, and federal debt was under control. Total debt was 54 percent of Gross Domestic Product (GDP). Now, it is 105 percent of GDP. Current laws will produce a much greater figure — one never before experienced. Any accomplishments of presidents Bush (W), Obama and...
Opinion: Should U.S.-Saudi alliance be saved?

Over the weekend Donald Trump warned of “severe punishment” if an investigation concludes that a Saudi hit team murdered Washington Post columnist Jamal Khashoggi in the Saudi consulate in Istanbul. Riyadh then counter-threatened, reminding us that, as the world’s largest oil exporter, Saudi Arabia “plays an impactful and active...
Opinion: Why Nancy Pelosi doesn’t care what they say about her

CAMBRIDGE, Mass. — “Do whatever you have to do. Just win, baby.” Nancy Pelosi’s feisty, candid and pragmatic words to Harvard students on Tuesday reflected the House Democratic leader’s full adaptation to the role of designated dart board for House Republicans. She granted full absolution to party hopefuls who think they&rsquo...

Robert E. Lee deserves street name here In response to “’Confederate’ streets getting new names” (News, Oct. 4), if you go to Gettysburg battlefield in Pennsylvania, there is equal respect for soldiers, North and South. During the 19th century, a citizen’s loyalty was first to his state, and then to the country. The soldiers...
Opinion: If a prince murders a journalist, that’s not a hiccup

The reports about Jamal Khashoggi, the missing Saudi journalist and Washington Post contributor, whom I’ve known for more than 15 years, grow steadily more sickening. Turkey claims to have audiotape of Saudi interrogators torturing Jamal and killing him in the Saudi Consulate. None of this is confirmed, and we still don’t know exactly what...
More Stories